Telsey Advisory Group Cuts Torrid (NYSE:CURV) Price Target to $3.00

Key Points

• Telsey Advisory Group has reduced Torrid's price target from $6.00 to $3.00, maintaining a "market perform" rating, indicating a potential upside of 36.05% from the stock's previous close.
• Currently, Torrid has an average rating of "Hold" from analysts, with a consensus target price of $4.00, as two analysts rate it "Buy," two "Hold," and two "Sell."
• Major shareholder Sycamore Partners sold over 15 million shares, reducing their stake by 21.20%, while institutional investors hold 81.82% of the company's stock.

Torrid (NYSE:CURV - Free Report) had its price target lowered by Telsey Advisory Group from $6.00 to $3.00 in a research note released on Thursday,Benzinga reports. Telsey Advisory Group currently has a market perform rating on the stock.

Separately, BTIG Research initiated coverage on Torrid in a report on Thursday, June 12th. They issued a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.00.

Torrid Stock Performance

CURV stock traded down $0.01 during mid-day trading on Thursday, reaching $2.19. The company had a trading volume of 184,030 shares, compared to its average volume of 482,628. Torrid has a fifty-two week low of $2.08 and a fifty-two week high of $7.25. The company has a market capitalization of $229.47 million, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.56. The firm has a fifty day simple moving average of $2.66 and a 200 day simple moving average of $4.52.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. Torrid had a negative return on equity of 5.31% and a net margin of 0.92%.The business had revenue of $265.97 million for the quarter, compared to the consensus estimate of $270.95 million. Torrid has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. As a group, analysts predict that Torrid will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lisa M. Harper sold 350,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $3.32, for a total transaction of $1,162,000.00. Following the transaction, the chief executive officer owned 5,266,453 shares in the company, valued at $17,484,623.96. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 257,833 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $2.73, for a total value of $703,884.09. Following the transaction, the insider owned 10,064,856 shares in the company, valued at $27,477,056.88. This represents a 2.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,538,741 shares of company stock worth $54,611,499 in the last quarter. 9.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in Torrid by 150.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock worth $49,000 after buying an additional 5,678 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Torrid by 55.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock valued at $59,000 after buying an additional 4,013 shares during the period. Deutsche Bank AG acquired a new stake in shares of Torrid in the 1st quarter valued at approximately $68,000. Two Sigma Advisers LP acquired a new position in Torrid during the fourth quarter worth $80,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Torrid during the first quarter worth $95,000. Hedge funds and other institutional investors own 81.82% of the company's stock.

Torrid Company Profile

Torrid Holdings Inc operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.